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Optimal sizing and techno-economic analysis of energy- and cost-efficient standalone multi-carrier microgrid

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  • Lorestani, Alireza
  • Gharehpetian, G.B.
  • Nazari, Mohammad Hassan

Abstract

The objective of this study is optimal sizing and techno-economic analysis of an energy- and cost-efficient standalone multi-carrier microgrid (SMCMG). This SMCMG is with the integration of photovoltaic-thermal (PVT), wind turbine (WT), micro-turbine (MT), electrical energy storage (EES), thermal energy storage (TES), and backup natural gas boiler (GB) units. For this aim, a long-term planning approach is put forward, taking into account battery degradation and reliability considerations. Total annual cost (TAC) is served as the objective function of the optimization problem, which covers investment, replacement, fuel, and operation and maintenance costs. A rule-based energy management system (EMS), which prioritizes the application of renewable energy (RE) resources, is introduced to administrate the SMCMG operation and maximize RE utilization. To solve the optimization problem, a robust metaheuristic optimization algorithm, called evolutionary particle swarm optimization (E-PSO), is employed, and the results are validated. The simulations are conducted based on real data from Rafsanjan, Iran.

Suggested Citation

  • Lorestani, Alireza & Gharehpetian, G.B. & Nazari, Mohammad Hassan, 2019. "Optimal sizing and techno-economic analysis of energy- and cost-efficient standalone multi-carrier microgrid," Energy, Elsevier, vol. 178(C), pages 751-764.
    • Handle: RePEc:eee:energy:v:178:y:2019:i:c:p:751-764
    DOI: 10.1016/j.energy.2019.04.152
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